Wednesday 29 October 2014

CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX NATURAL GAS


Natural gas trading range for the day is 220.5-235.1.
Natural gas gained after updated weather-forecasting models predicted cold Canadian air to make its way south in coming days and drive demand for heating.
Bearish speculators are betting on the mild weather reducing early-winter demand for the heating fuel.


The U.S. EIA’s next storage report slated for release on Thursday is expected to show an increase of 85 billion cubic feet.

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